The French investment boutique, TOBAM, has been awarded a $150 million mandate from the California Public Employees’ Retirement System (CalPERS). Now, this anti—benchmark strategy boutique will be participating in a Manager Development Program II that is set up by CalPERS and the Strategic Investment Group.
Yves Choueifaty, TOBAM’s president said, “We are very proud to have been chosen by CalPERS and Strategic for this highly selective program. This mandate is a sign of their confidence in our investment approach, and confirms their belief in the Anti-Benchmark concept as an innovative solution for the world’s leading institutional investors.”
Their unique model was created by Choueifaty and its goal is to offer investors the most diversified portfolio possible so that investors can optimize the risk return and can avoid the concentration of risk that is found in market cap-weighted benchmarks.
Others Chosen as Well
Hilda Ochoa-Brillembourg, the president, founder and CEO of Strategic Investment Group said, “We are delighted to welcome TOBAM to our Manager Development Program, in recognition of their position as an innovator in quantitative investing, with a research-driven culture and global reach.”
In addition, two other groups have been added to the program. These include Victoria, a San Francisco emerging markets specialist with a $150 million mandate and ESG specialist Quotient, which has a $100 million mandate.